Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/59863
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Type: Journal article
Title: Determinants of international bank lending from the developed world to East Asia
Author: Siregar, R.
Choy, K.
Citation: IMF Economic Review, 2010; 57(2):484-516
Publisher: Palgrave Macmillan
Issue Date: 2010
ISSN: 1020-7635
1564-5150
Statement of
Responsibility: 
Reza Y Siregar and Keen Meng Choy
Abstract: The reversal of capital flows from the banking sector, rather than portfolio equity investment, has long been considered a main reason for the severity of the East Asian financial crisis of the late 1990s. This study analyzes the factors behind the boom and bust of bank lending, focusing on loans from private banks in seven Organization for Economic Cooperation and Development countries to nine East Asian economies during the 1990–2004 period. The findings suggest that political instability and weaknesses in legal, judicial, and bureaucratic systems help explain the continued stagnation in lending after the financial crisis. Thus, institutional reforms are critical for East Asia to successfully compete for international bank financing.
Keywords: C23; F11; F34; G21; O53
Rights: Copyright © 2010 Palgrave Macmillan, a division of Macmillan Publishers Limited.
RMID: 0020098087
DOI: 10.1057/imfsp.2009.28
Appears in Collections:Economics publications

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